Case Study - Bitcoin / U.S. Dollar

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Bitcoin / U.S. Dollar

(15 Min Chart 27 Sep '20 21:00)

Please see the chart on the left. The Chart is self-explanatory.

Being patient pays off

You can observe that price initially appeared to run away after the levels were drawn. However, it got rejected at 0.886 level and came back to touch the Macro Wave. By that time, PriceCatch Trading System had confirmed the upward move with two Green lines.

We usually look for a buy trade on the high of the touch candle, for a low risk high reward opportunity.

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